Claims on central government, etc. in Papua New Guinea
Papua New Guinea: Claims on central government, etc. was 17.4% in 2024. ◆ Volatile
Claims on central government, etc. in Papua New Guinea, 1973–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Papua New Guinea recorded 17.4% for claims on central government, etc. in 2024.
Compared with earlier readings it is down 4.7% on the previous year and up 46.7% over ten years.
Over the whole period, claims on central government, etc. in Papua New Guinea peaked at 20.0% in 2020 and was at its lowest, -3.0%, in 1975.
That places Papua New Guinea 58th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government, etc. in Papua New Guinea, year by year
| Year | % GDP | Change |
|---|---|---|
| 1973 | -2.4% | — |
| 1974 | 0.5% | -120.2% |
| 1975 | -3.0% | -722.9% |
| 1976 | 1.9% | -162.8% |
| 1977 | 0.6% | -66.3% |
| 1978 | 1.2% | +97.6% |
| 1979 | 2.3% | +85.6% |
| 1980 | 1.2% | -49.4% |
| 1981 | 2.7% | +135.6% |
| 1982 | 4.2% | +54.5% |
| 1983 | 0.4% | -90.8% |
| 1984 | -0.1% | -113.3% |
| 1985 | 1.6% | -3199.0% |
| 1986 | 2.4% | +49.3% |
| 1987 | 0.5% | -79.4% |
| 1988 | 2.0% | +299.9% |
| 1989 | 2.6% | +29.0% |
| 1990 | 4.6% | +79.5% |
| 1991 | 7.5% | +62.5% |
| 1992 | 9.0% | +21.0% |
| 1993 | 10.3% | +14.5% |
| 1994 | 8.8% | -14.8% |
| 1995 | 9.3% | +5.4% |
| 1996 | 10.1% | +8.7% |
| 1997 | 11.9% | +17.7% |
| 1998 | 12.4% | +4.7% |
| 1999 | 12.2% | -1.6% |
| 2000 | 9.7% | -20.8% |
| 2001 | 6.1% | -36.7% |
| 2002 | 11.7% | +91.2% |
| 2003 | 10.0% | -14.9% |
| 2004 | 10.2% | +2.5% |
| 2005 | 7.4% | -27.8% |
| 2006 | 3.8% | -48.9% |
| 2007 | 0.6% | -84.0% |
| 2008 | -1.3% | -309.9% |
| 2009 | 4.1% | -425.9% |
| 2010 | 1.9% | -54.6% |
| 2011 | 0.4% | -81.2% |
| 2012 | 4.3% | +1132.0% |
| 2013 | 9.7% | +124.3% |
| 2014 | 11.8% | +21.4% |
| 2015 | 14.0% | +18.1% |
| 2016 | 18.6% | +33.3% |
| 2017 | 18.1% | -2.7% |
| 2018 | 14.6% | -19.6% |
| 2019 | 15.9% | +9.1% |
| 2020 | 20.0% | +26.1% |
| 2021 | 19.1% | -4.7% |
| 2022 | 16.0% | -16.3% |
| 2023 | 18.2% | +13.9% |
| 2024 | 17.4% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | -3.0% | 2.3% | 7 |
| 1980s | 1.8% | -0.1% | 4.2% | 10 |
| 1990s | 9.6% | 4.6% | 12.4% | 10 |
| 2000s | 6.2% | -1.3% | 11.7% | 10 |
| 2010s | 10.9% | 0.4% | 18.6% | 10 |
| 2020s | 18.1% | 16.0% | 20.0% | 5 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Net domestic credit (current LCU), per capita 2,782 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.9551 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.08 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.21 million SDR (2024)
- Gold reserves at market value 126.04 million SDR (2024)
- Reserves excluding gold, foreign exchange 2.72 billion SDR (2024)
- Reserves excluding gold 2.72 billion SDR (2024)
- Total reserves (gold at market value) 2.84 billion SDR (2024)
- Total reserves (gold at national valuation) 2.80 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 264.96 SDR per person (2024)
Frequently asked questions
- What is claims on central government, etc. in Papua New Guinea?
- Claims on central government, etc. in Papua New Guinea was 17.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government, etc. recorded in Papua New Guinea?
- The highest recorded value was 20.0% in 2020.
- What is the lowest claims on central government, etc. recorded in Papua New Guinea?
- The lowest recorded value was -3.0% in 1975.
- How does Papua New Guinea rank for claims on central government, etc.?
- Papua New Guinea ranks 58th out of 187 countries with data for 2024.
- Is claims on central government, etc. rising or falling in Papua New Guinea?
- Over the last ten years it is up 46.7%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on central government, etc. (% GDP). Statizoid updates them automatically from the source API.
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About this data
Claims on central government include loans to central government institutions net of deposits. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.